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Six Airplanes Sold To The Highest Bidder After Company
Fails

A flight school in Allegan, MI has come to something of an
ignoble end, and its assets, including six airplanes, were sold at
auction this week to cover its debts.

Dodgen Aircraft and Skykid Aviation were grounded earlier this
month, their assets siezed by the bank that had financed them. The
flight school owned six airplanes when the end finally came, but
the Grand Rapids Press reports that one ... a 1974 Piper
Warrior ... had no engine.

The bank had reportedly been working with Skykid Aviation for
some time, trying to keep them flying. But in the end, the aircraft
had to be repossessed and sold. Scott Miedema, the president of
Miedema Auctioneering, said it was a pretty unusual repossession
job. He told the paper that one of the airplanes was flying when he
and representatives of the bank showed up at city-owned Padgham
Field (35D) in Allegan. He said the owners of the business were
"not happy," but understood the situation and handled it
professionally.

Bidding opened on the airplanes at $5,000 each. All of the
airplanes, as well as the other assets of the business were sold
Tuesday.